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Eurobank net results show loss of 1.08 bln in 9M
EconomyBankingEurobank recorded net results of a loss of 1.08 billion euros in the nine-month period (9M) of 2020 compared to net profits of 94.3 million in 9M 2019. Adjusted net profits came to 348.4 million euros compared to 161.4 million euros in 9M 2019. On a quarterly basis, net income after tax came
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Greece's golden visa scheme brings revenues, but risks as well
EconomyFeaturessince 2011, focuses on high net worth investors. It has a higher threshold of 2 million euros and had... apartment blocks in central Athens to use as short term rentals. While some of these tales have... to increased demand for smaller city apartments as well as luxury properties in resort destinations
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Building activity up again in May but with smaller rise of 1.9 pct
EconomyMacroeconomyat 13,383 in 2014 from 65,474 registered in 2008. Apartment prices, which are indirectly linked to building... downward revision of Greek macro environment would lead to a sharper decline in apartment prices... contraction by more than 14 percent from its peak atthe end of 2010 with loan net deductions
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Building permits shoot up by 14.7 pct in June
EconomyMacroeconomyactivity is indirectly linked to apartment prices, which fell for the twenty-fifth straight quarter... drop in apartment prices in the next two years. Building activity is also related to the evolution... at the end of 2010with loan net deductions at 11.1 billion over this period. The latest construction
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Major fall of 31.6 pct for building activity in July
EconomyMacroeconomyactivity. Apartment prices, which are indirectly linked to building activity, recorded a decline... respectively, will further delay the long-awaited rebound in apartment prices at least for the next two... by around 15 percent from their peak at the end of 2010 with loan net deductions exceeding 11.3 billion
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Building permits down 11.4 pct in August for second successive drop
EconomyMacroeconomy, the number of building permits landed at 13,383 in 2014 from a high of 65,474 in 2008. Apartment...) of 2015. Over the last seven years, apartment prices in Greece have dropped by more than 40 percent... than 15 percent from their peak at the end of 2010 with overall loan net deductions at 11.5 billion
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Building activity down 18.8 pct in January, permits hit new low
EconomyMacroeconomy) figures indicate apartment prices contracted for the 27th straight quarter by 5.4 percent year on year in the fourth quarter (Q4) of 2015. During 2015, apartment prices dropped by 5.1 percent, while... have fallen by 17 percent since the end of 2010 with cumulative net deductions of around 12.5 billion
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Building activity soars 35.4 pct in July mostly reflecting a low base effect
EconomyMacroeconomyto a nosedive of more than 86 percent. Bank of Greece (BoG) figures showed that apartment prices retained... of 2015. As a result, apartment prices have tumbled by 41.7 percent from their peak in Q3 2008. Meanwhile, the housing lending sector remains in contraction since the beginning of 2011 with net deductions
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Building activity edged up 1 pct in September
EconomyMacroeconomyshow that apartment prices fell by 0.6 percent quarter on quarter and by 1.5 percent year on year in the third quarter (Q3). From its peak of 102.2 in Q3 2008, the apartment prices index has tumbled... on cumulative net deductions of 14 billion euros over this period. In addition, 28.1 billion or 42 percent
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Building activity resumes downswing falling by 5.7 pct in October
EconomyMacroeconomy. Meanwhile, apartment prices fell by 0.6 percent quarter on quarter and by 1.5 percent year on year in the third quarter (Q3), according to the Bank of Greece (BoG). Overall, apartment prices have plummeted 42... net deductions of 14 billion since 2011 with balances down 19 percent over this period. BoG said
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